Market Update: Bulls Are Running…
The market remains exceptionally strong as the buyers continue to dominate the landscape (for now). Remember, this market is exceptionally strong and reminds me of the early stages of the late 1990’s or the late 1920’s. Both of those periods ended with a huge climax run – then a climax top. If this mindless buying continues and then accelerates- that could very easily happen again now.
To be very clear, the market remains exceptionally strong but we know it has been a very long time since we had a decent pullback/correction (not to mention a bear market). Remember, it is just a matter of when, not if. Keep that in mind as you make decisions on how to best allocate your capital.
Looking forward, the next big catalyst is earnings season and that will likely dominate the headlines over the next few weeks. Tomorrow, BLK and DAL are up at bat – then we have a slew of other big stocks (mostly big banks) over the next few days. Bottom line: The market remains very strong, extended to the upside, and the bulls remain in clear control until any weakness shows up.
FLS Portfolio:
The FLS portfolio is continues acting well. Here is a snapshot of the portfolio as of Monday’s close:
Positions:
The service owns:
ADBE +36.38%, BABA +86.00%, CAT +18.38%, ISRG +12.47%, NFLX +14.09%, NVDA +10.76%, RMD -2.01%
The service will exit: ADBE @ 138.17, BABA @ 147.47, CAT @ 107.18, ISRG @334.06, NFLX @165.62, NVDA @167.38, RMD @75.17
Working Orders:
Disclaimer:
This analysis contains information from resources believed to be reliable but are not guaranteed as to accuracy or wholeness as of the date of this publication. Past performance is not necessarily indicative of future results. There is always a risk of loss in trading and investing. Opinions articulated are subject to change without notice. This analysis and any opinions expressed are intended for educational purposes only and should NOT BE interpreted as a call for engagement in any transaction involving the purchase or sale of any security or investment product or service. The risk of loss in investing and or trading can be substantial, and traders/investors should carefully consider the inherent risks of such an investment in light of their financial condition. The author, firm, associates, or the firm’s clients may have a position in any of the investments mentioned and their positions are subject to change without notice. Any reproduction or retransmission of any portion of this report without the express written consent of 50 Park Investments is strictly prohibited.
